PEETERS Patrick: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
PEETERS Patrick
Largest movements
- Tangible fixed assets +€91,935
up €91,935 (+258.2%), from €35,605 to €127,541
of which Furniture and vehicles: +€85,846
- Receivables within one year -€25,953
down €25,953 (-39.6%), from €65,604 to €39,651
of which Trade receivables: -€26,171
- Stocks and contracts -€23,000
down €23,000 (-92.0%), from €25,000 to €2,000
of which Contracts in progress: -€23,000
- Cash -€15,772
down €15,772 (-9.2%), from €171,098 to €155,326
mainly Investment in fixed assets (net) (-€112,957) and Trade debts (-€32,837)
- Reserves +€88,018
new in 2025: €88,018
of which Distributable reserves: +€76,729
- Trade debts -€32,837
down €32,837 (-62.8%), from €52,321 to €19,484
- Advances received -€23,000
no longer reported in 2025 (was €23,000)
- Debts after one year -€20,784
down €20,784 (-32.7%), from €63,566 to €42,781
- Tax, wage and social debts +€18,344
up €18,344 (+1097.0%), from €1,672 to €20,016
of which Taxes: +€18,561
- Gross operating margin +€142,838
up €142,838 (+257.7%), from €55,431 to €198,269
- Staff costs +€40,147
up €40,147 (+272.5%), from €14,733 to €54,880
- Taxes +€26,230
up €26,230 (+4071.7%), from €644 to €26,874
- Depreciation +€8,867
up €8,867 (+73.0%), from €12,154 to €21,021
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €305,969 | €333,964 | +€27,995 | +9.1% |
| Fixed assets | 21/28 | €35,680 | €127,615 | +€91,935 | +257.7% |
| Tangible fixed assets | 22/27 | €35,605 | €127,541 | +€91,935 | +258.2% |
| Plant, machinery and equipment | 23 | €12,790 | €19,064 | +€6,275 | +49.1% |
| Furniture and vehicles | 24 | €22,260 | €108,106 | +€85,846 | +385.6% |
| Other tangible fixed assets | 26 | €555 | €370 | -€185 | -33.3% |
| Financial fixed assets | 28 | €74 | €74 | = | 0.0% |
| Current assets | 29/58 | €270,290 | €206,349 | -€63,941 | -23.7% |
| Stocks and contracts in progress | 3 | €25,000 | €2,000 | -€23,000 | -92.0% |
| Stocks | 30/36 | €2,000 | €2,000 | = | 0.0% |
| Contracts in progress | 37 | €23,000 | - | -€23,000 | |
| Amounts receivable within one year | 40/41 | €65,604 | €39,651 | -€25,953 | -39.6% |
| Trade receivables | 40 | €52,035 | €25,864 | -€26,171 | -50.3% |
| Other amounts receivable | 41 | €13,569 | €13,787 | +€218 | +1.6% |
| Cash at bank and in hand | 54/58 | €171,098 | €155,326 | -€15,772 | -9.2% |
| Deferred charges and accrued income | 490/1 | €8,588 | €9,372 | +€784 | +9.1% |
| Total equity and liabilities | 10/49 | €305,969 | €333,964 | +€27,995 | +9.1% |
| Equity | 10/15 | €109,575 | €197,592 | +€88,018 | +80.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | - | €88,018 | +€88,018 | |
| Tax-exempt reserves | 132 | - | €11,289 | +€11,289 | |
| Distributable reserves | 133 | - | €76,729 | +€76,729 | |
| Profit (loss) carried forward | 14 | €89,575 | €89,575 | = | 0.0% |
| Provisions and deferred taxes | 16 | - | €2,822 | +€2,822 | |
| Deferred taxes | 168 | - | €2,822 | +€2,822 | |
| Amounts payable | 17/49 | €196,395 | €133,550 | -€62,845 | -32.0% |
| Amounts payable after more than one year | 17 | €63,566 | €42,781 | -€20,784 | -32.7% |
| Financial debts | 170/4 | €63,566 | €42,781 | -€20,784 | -32.7% |
| Amounts payable within one year | 42/48 | €132,829 | €90,768 | -€42,061 | -31.7% |
| Current portion of amounts payable after more than one year | 42 | €32,622 | €18,558 | -€14,064 | -43.1% |
| Trade debts | 44 | €52,321 | €19,484 | -€32,837 | -62.8% |
| Suppliers | 440/4 | €52,321 | €19,484 | -€32,837 | -62.8% |
| Advances received on contracts in progress | 46 | €23,000 | - | -€23,000 | |
| Taxes, remuneration and social security | 45 | €1,672 | €20,016 | +€18,344 | +1097.0% |
| Taxes | 450/3 | €1,313 | €19,874 | +€18,561 | +1413.5% |
| Remuneration and social security | 454/9 | €359 | €142 | -€217 | -60.4% |
| Other amounts payable | 47/48 | €23,214 | €32,710 | +€9,495 | +40.9% |
| Remuneration, social security and pensions | 62 | €14,733 | €54,880 | +€40,147 | +272.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,154 | €21,021 | +€8,867 | +73.0% |
| Other operating charges | 640/8 | €1,394 | €1,574 | +€180 | +12.9% |
| Gross operating margin | 9900 | €55,431 | €198,269 | +€142,838 | +257.7% |
| Operating profit (loss) | 9901 | €27,150 | €120,794 | +€93,644 | +344.9% |
| Financial income | 75/76B | €1,855 | - | -€1,855 | |
| Recurring financial income | 75 | €1,855 | - | -€1,855 | |
| Financial charges | 65/66B | €1,842 | €3,080 | +€1,238 | +67.2% |
| Recurring financial charges | 65 | €1,842 | €3,080 | +€1,238 | +67.2% |
| Profit (loss) for the period before taxes | 9903 | €27,164 | €117,714 | +€90,551 | +333.4% |
| Transfer from deferred taxes | 780 | - | €503 | +€503 | |
| Transfer to deferred taxes | 680 | - | €3,325 | +€3,325 | |
| Income taxes | 67/77 | €644 | €26,874 | +€26,230 | +4071.7% |
| Profit (loss) for the period | 9904 | €26,519 | €88,018 | +€61,499 | +231.9% |
| Transfer from tax-exempt reserves | 789 | - | €2,012 | +€2,012 | |
| Transfer to tax-exempt reserves | 689 | - | €13,301 | +€13,301 | |
| Profit (loss) for the period to be appropriated | 9905 | €26,519 | €76,729 | +€50,209 | +189.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.